CARBONXT GROUP LIMITED — Capital/Financing Update 2020

Jul 12, 2020

13 July 2020

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ASX RELEASE

Cleansing Notice

On 13 July 2020, Carbonxt Group Limited (ASX:CG1 or the ‘Company’), issued 13,000,000 new fully paid ordinary shares (Shares) at an issue price of $0.16 per Share and 2,400,000 unlisted options (Options) expiring on 13 July 2023 at various exercise prices. The Shares were issued under a placement to professional and sophisticated investors to raise working capital. The Options were issued to the lead manager of the placement, Cannacord Genuity (Australia) Limited, in lieu of fees.

The Shares were issued on 13 July 2020 and will rank equally with all other Shares on issue.

The Company issued the Shares and Options without a disclosure document to investors under Part 6D.2 of the Corporation Act.

The Company gives the following notice under Section 708A5(e) of the Corporations Act 2001 (Act):

• 1. The Company issued the Shares without disclosure to investors under Part 6D.2 of the Act;
• 1. As at the date of this notice the Company has complied with:
  • a) the provisions of Chapter 2M of the Act as they apply to the Company; and b) section 674 of the Act; and
• 1. As at the date of this notice, there is no information that is “excluded information” within the meaning of Sections 708A(7) and 708A(8) of the Act.

This announcement has been authorised for release to ASX by the Board of Directors of Carbonxt Group Limited.

ENDS

For Investor Enquiries For Media Enquiries Warren Murphy Imogen Conyers Managing Director Media & Capital Partners +61 413841216 imogen.congyers@mcpartners.com.au w.murphy@carbonxt.com

About Carbonxt

Carbonxt (ASX:CG1) is a cleantech company that develops and markets specialised Activated Carbon (AC) products, primarily focused on the capture of mercury and sulphur in industrial processes that emit substantial amounts of harmful air pollutants. The Company produces and manufactures Powdered Activated Carbon and Activated Carbon pellets for use in industrial air purification, waste water treatment and other liquid and gas phase markets. The Company was incorporated in 2001 and listed on the ASX in January 2018.

Carbonxt Group Limited. Level 12, 225 George Street, Sydney NSW 2000 Legal/70079396_1